1). You borrow $10,000 at an interest rate of 8%. The loan is to be repaid in 4 equal annual installments. Construct the amortization table. Find the finance charge.

2). Your friend borrows $2000 from you and says it will be given back in 2 years. How much are you getting back with an interest of 5%?

3). You win the lottery of $1,000,000. It will be given to you in an equal amount for 20 years. How much will you be given per year? How much would you get if you cashed out now?